Thousands of employees at tech giants Meta (recognized as extremist in Russia and banned in Russia) and Google are doing “fake work” and their hiring was not related to the development of corporate business projects. This was stated by IT investor Keith Rabois, reports business insider.
“All these employees were strangers to the companies, and that has been the case for a long time, a manifestation of the company’s arrogance to recruit, worshiping him as a false god,” he said at an event for banking. firm Evercore.
He explained that the fictitious headcount estimate at Google and Meta was based on his own personal calculations.
“These people have nothing to do, and that was absolutely the case, and all their work is fictitious. Now everyone is starting to see clearly and it turns out that these people actually just did what they were going to meetings with,” he said.
He said he didn’t understand how Google gave new employees the “right to sit at their desks and do nothing” setting when it was hijacking more and more engineers and technicians just to increase hiring rates.
Keith Rabois is CEO of investment firm OpenStore and general partner of venture capital firm Founders Fund. He believes that big tech firms are responsible for over-hiring and that mass layoffs are justified but overdue.
Rabois has repeatedly criticized tech giants and startups in Silicon Valley. in 2020 he Decided to leave California and move to Miami, Florida. Rabois cited high taxes, rising crime rates, and San Francisco’s liberal political culture as reasons for leaving.